It is indeed a “big day” for the crypto market today following the US crypto summit, which experts are projecting could be the big step the market has been waiting for. This is giving a big boost to optimism right now, with some analysts suggesting an Ethereum price predictionup to $5000. But even with this heightened optimism, the coin market cap fear-greed index remains below average, remaining at 30 for the fourth consecutive day.
Is a $5000 Ethereum price prediction possible or just another overprojection of the altcoin price? Let’s conduct a deep analysis to attempt to answer this question. While doing that, we’ll also touch on a new altcoin experts have identified as the best buy this month.
Is The Current Ethereum Price Prediction Realistic With The Price Action?
Altcoins have been on a fast nosedive these last few weeks, with many of the top altcoins, including Ethereum, losing as much as 50% in the last five weeks. The Ethereum price has seen a drawdown in the last 90 days, hitting past 45% and losing most of the early profit this year. The Ethereum price prediction, however, has been largely motivated by the recent activities in the crypto landscape, especially with the Trump crypto reserve announcement.
President Trump’s executive order on the US crypto reserve has seen a strong wave of optimism and investor confidence return to the market. This optimism continues to drive the Ethereum price prediction higher, hitting as high as $6000. But these price predictions could be more long-term. The price action across timeframes shows the coin is on a strong downtrend as the Ethereum price crosses below the short-term, mid-term, and long-term Moving Averages.
Most analysts predicted the Ethereum price would average $5000 this year as a follow-up to the Trump crypto reserve, but the $3200 support still looks farfetched. For the prediction to hit, the Ethereum price needs to reclaim $3200 as a major support, which could help it see a smooth ride towards the old ATH at $4891.
Why Remittix Is Better Than Ethereum This Month
Remittix presale is projected for a 5x surge this month in a continuous streak that could see the presale ROI hit 10x. The Remittix presale price growth has been influencing a surging ROI that has hit a homerun, which has continued to impress investors this year. Starting on a clean slate, the Remittix token has sold over $13.7M in its pre-launch funding round, also known as the presale, in which investors add more to their holdings. A simple trick doing all this magic is that the price grows higher with every presale stage.
The Remittix exchange has promised to revolutionize the crypto payment sector and investors are betting big on it. A projection of the big breakout of this new altcoin is why it has continued to perform better than other altcoins, even in the current bearish market. While the coin market cap altcoin index remains at a new low, showing the index around 14, investors have continued showing confidence in the Remittix token. Hence, while the uncertainty grows around the Ethereum price prediction, Remittix’s potential to hit 50x keeps increasing.
The Remittix presale is closing in on its final lap, helping investors to lock in profit earlier while others wait to buy the token at a higher price. However, with about 180 million tokens remaining from 700,000,000 in the soft cap, getting in today could still get you a good portion of the Remittix presale tokens. This could help you invest early while allowing you to buy the token at the best price.
Here is an opportunity to start today with the Remittix token. Click any of the links below to get started today.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
